These 3 Tips Will Help You Protect Your Deposit

 

The required amount of your deposit varies depending on the local real estate market and the state itself. Usually, it’ll be anywhere from a few thousand dollars up to three percent of the agreed price of the property; some areas may even require up to 10 percent.

The down payment shows the seller that you are serious about purchasing the property. Once the funds are deposited, they cannot be withdrawn or touched without the agreed written consent of both the buyer and the seller. Once the escrow is closed the funds are put towards the balance of the down payment.

Just like the terms and price of the property, the amount required for the deposit is negotiable. However, it will not be popular with the seller if you put down much less than what is customary in the local market.

You can get your deposit back but you can also lose it if you are not careful. Below are three top tips to protect your deposit.

Know the property

Every house, whether a new build or a period home, should have an inspection before being sold. You should also include a contingency in your contract to ensure that you are covered in the event of any unpleasant or costly discoveries.

An inspector will examine everything from the roof to the foundation. Specialist inspectors can be called in to look for any pests, such as termites, or to go over the heating and ventilation systems. Even brand new homes should be thoroughly inspected.

If the inspections reveal any issues, you will need to decide whether to pull out of the deal or proceed. Inspection contingencies are often quite vague and allow the buyer some room to withdraw from the deal and have the full amount of their deposit returned.

Written loan approval and appraisal contingency

You will need written proof of your loan approval, and you will want to make sure the property is not appraised for less than the price you agreed with the seller.

You should include a contingency clause that allows you, the buyer, to receive written confirmation of loan approval before progressing with the deal. If for some reason, your loan is denied you can walk away from the deal with your deposit returned to you in full.

Make sure you keep this contingency in place, even if you are struggling to get written loan approval from your lender. Loan providers can, and have, withdrawn funding at the last minute. Make sure you keep in close contact with your loan provider, and if necessary request an extension from the seller. If you sign off that you have been approved a loan and are later denied funding, you risk losing your deposit.

You should also include an appraisal contingency. If the property is appraised for less than the agreed price with the seller you should keep the right to walk away from the deal with you deposit intact, or at the very least renegotiate the agreed purchase price with the seller.

Go over the property disclosures

Most real estate markets require the seller to compile a list of disclosures that show the seller’s knowledge and experience of owning the property. They are required by law to reveal any defects, faults, or location issues that have or could have a negative impact on the property.

You should also have an opportunity to review any public records and reports, such as the building permit history or environmental hazard maps.

After your offer is accepted, you should be sent the list of disclosures. If you don’t like anything revealed by these disclosures, this is your opportunity to pass on the property and withdraw from the deal.

You will need to sign off on these reports and disclosures, so make sure that you thoroughly go over the information and proceed with caution. Your deposit will be at risk once you sign off, so make sure you ask questions, request additional documentation or reports, and carefully investigate anything that concerns you about the property.

Your hard earned cash is on the line

Depending on the price of the property, the buyer’s required deposit can be a considerable sum. If a property cost $400,000, a three percent deposit would amount to the significant sum of $12,000. So make sure that you proceed with caution and protect your deposit as you progress towards closing on a property.

If You’re a Home Buyer Make Sure You Don’t Forget These 6 Things

Many home buyers are very diligent when it comes to studying up before they make their purchase. However, far too often 6 very important things go overlooked. These common oversights can result in you losing money, wasting time, and cause unnecessary regret. Now, let’s make sure you know about these common oversights, so you can make sure they don’t happen to you!

1. Resale Value

In today’s housing market, people aren’t staying in their homes the full 30 years like most of the previous generation did before us. Things are changing fast and people are moving around and valuing flexibility more and more. People change jobs, people want to be closer to kids, basically, life changes things. This is why it’s important for home buyers to immediately consider the re-sale value of the property they’re considering.

Try and land something with a wider range of appeal, rather than a unique home that might only pique our personal interest. You might even want to discuss patterns that your real estate agent has seen in the surrounding area. Buying a home should feel right but it should also be a practical investment. Let your heart influence your decision but allow practicality a place in the decision-making process.

2. Focusing on the wrong expenses

Buyers often focus so intently on the mortgage payment and closing costs that they forget to look down the line at additional expenses that are sure to come up. Of course, the closing costs and mortgage payments are important but make sure when looking at your budget you’ve taken into account the possible landscaping costs or other additional fees that will inevitably be built into owning this particular home. It’s perfectly acceptable to ask the seller for an expense list just so you can plan accordingly.

3. Restrictions

More often than you might think buyers finalize their purchase before they’ve actually researched the type of restrictions they’ll have to work with. Sometimes you might find that you can’t do that add on because of zoning laws, or maybe you didn’t realize you’d have to park down the street! “Restrictions” can often be completely overlooked and they can really put a damper on the vision you had for your new home. Be sure to discuss any type of restrictions in terms of remodeling or just all around life with the home with your agent.

4. Previous work was up to par

Buyers can so often get wrapped up in the excitement of the “perfect home” that they neglect to look into the previous construction or renovations that took place. This is only an issue if the work wasn’t up to the proper standards. While everything might look fine now, you could find yourself forking up excessive amounts of money to potentially repair a problem you never saw coming. So make sure you look into every bit of work that went into your home and that it was properly inspected and passed said inspection.

5. The HOA

This really just comes down to proper due diligence. Never ever…ever close on your home without doing proper due diligence. Typically HOA’s making your living conditions much easier but occasionally you’ll run into some unexpected drama and chaos. There have even been instances of potential fines being put forth by the HOA.

6. Have you studied the neighborhood? 

Make sure you look at the crime rates, schools in the area, commute times, etc. These might sound pretty straightforward to you but again, you’d be surprised by the type of information that gets overlooked because of excitement over the home itself. Discuss these things with your agent as well as any other type of info you should be looking for to make the best possible decision you can. This home is a very important investment and you need to make sure you’re making a well-informed decision.

Look Beyond The Seller’s Odd Choices To Find A Bargain Property


Glaring and ugly choice of paint? Exercise equipment cluttering up the kitchen? Weird and unsightly family photos located all over the house? Don’t let it bother you or affect how you see a property.

Ask your real estate agent and they will have plenty of stories about houses with a number of flaws. Filthy stained carpets, bathrooms that have cracks running down the walls, and appliances that have not been updated in decades.

The seller is not required to make sure that their home is in a presentable condition before putting it on the market and showing it to potential buyers. But a lazy seller can be an upside for the right home buyer.

Below are three unsightly things that may be off-putting, but should not stop you from considering making an offer on the property. Especially if the location, layout, or building is still right for you.

Ugly wallpaper and tired old dirty carpets

Turn key properties that are ready to move in are popular with today’s potential buyers. Most people lead busy lives and don’t have the time to take on a large renovation project when buying a home, this is certainly true of the always connected younger generation of home buyers.

However, replacing old carpets with new carpet or flooring and painting the interior of a property doesn’t have to be too time-consuming and expensive, and can easily be completed before moving in.

If a seller is unwilling to replace their tired and worn old carpets or give the interior of their home a fresh coat of paint in a neutral color, they are damaging the chances of finding a buyer and a good price for their home.

A fresh paint job and new flooring won’t cost a fortune and shouldn’t take much longer than a week, and can change the whole feel of a property.

Rooms that are being used for odd purposes

It is surprisingly common to see rooms in the home being used for a purpose that they were not designed for. Many people use a spare room as a home office. Some people even use the dining room as a gym and the bathroom as a walk in wardrobe.

However, just because the current occupier uses a space for a certain purpose, it doesn’t mean you have to do the same. Try to look beyond the odd use of rooms and try to forget that the seller lives in the property.

After the seller has moved out, the exercise equipment in the dining room will be gone and the walk in wardrobe can easily be turned back into a bathroom.

An overpoweringly strong presence of the current home owner

When a property is adorned with personal photos, diplomas, and possessions that belong to the seller, it can difficult for the potential buyer to picture themselves living in the property. The homes that are most appealing to buyers are neutral and don’t have an overpowering sense of the current owner.

Worse than just the possessions of the current occupier is when the seller is actually present while the property is shown to potential buyers. It creates an uncomfortable feeling for all involved. The buyer feels that they have to be on their best behavior and that interferes with them exploring the home properly. They feel restricted in voicing their opinions on the home and see themselves as a guest in the home, rather than a potential owner.

A property that is too personalized or where the seller is regularly present for viewings can stay on the market for a long time, and often gain a bad reputation as more time passes. However, a potential buyer can use this to their advantage to acquire the property below the seller’s asking price.

The sellers that unknowingly sabotage the sale of their home often offer an opportunity to buyers to hit a price point under budget when making an offer. Most of the buyers in today’s market have a hard time looking beyond the seller’s clutter, over personalized design and style, or customized changes to the property.

Try to look beyond the seller’s changes and if a home is in a good location with a nice floor plan you should consider whether you can transform the property and make the home the one you’re looking for.

Quality Landscaping In The Yard Of Your New Home

 

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You may see your new yard as a blank canvas, but make sure you consider your options before you start digging. So, you’ve finally had your bid accepted and you’re looking forward to getting to work on the vision you have for your new yard! Well, the bad news is that the green lawn covers dreadful soil and unsightly pipes and wiring that have been covered for years.

While the good news is that there’s still plenty of time to salvage this. The weeds haven’t overrun your yard yet and there’s still plenty of green life left in that grass. Here we will cover five guidelines to help you improve your yard and create an outdoor space you can enjoy for years to come.

Get your beds in order

Whether you have new top soil or old dirt that has been used to fill patches, your ground will need some work to become fertile soil.

It would be nice to have an endless supply of free compost, however, it does take some time to naturally build up organic compost from the grass trimmings alone. The alternative is to buy bags of compost, with packaged cow manure (a popular choice).

Another option is mushroom compost. However, this can be harmful to young seedlings and any plants and flowers that are sensitive to salts, such as camellias and azaleas.

Work out the lay of the land

You may want to start planting the vegetable garden you always wanted as soon as you move in, but you must make sure you know where is suitable. Does the spot you have in mind receive enough sunlight and does it have suitable drainage to keep it safe from puddles?

First, I would suggest that you sketch out a diagram of your yard. This will help you to visualize what you want and identify potential problem areas. Make sure you highlight the areas that get plenty of sunlight and the areas that are mostly in the shade.

Don’t worry if your diagram looks a bit messy. As long as it helps you to successfully plan the layout of your garden and you can understand what you have drawn.

Get rid of any unwanted builder plantings

The builder plantings that are in your new yard may look harmless enough, but they may very well grow into monsters that cause you a hassle later on.

Make sure that you properly identify all of your existing plants, and judge whether they are suitable for you. A tree that drops messy leaves on your lawn, or fruit that requires harvesting can be a lot of work. If you leave them to their own devices, they can block drains and even stain your paving slabs or driveway.

Trees with weak wood may snap at a later date and damage your home. While an invasive species of plant may take over your whole garden. Some species of plant are fine when they are in the right location. However, if you think that it may grow too big or is located too close to your home it is best to have it removed.

Plan for the future

What is your biggest priority in your yard? Maybe it’s having friends and family come over to enjoy the evening?

Try to picture yourself, your kids, partner, and your family or friends, 10 years in the future. What will the priority in your yard used for then?

It might be very tempting to go the extra mile and completely revamp the whole area with a hot tub and quality landscaping/additions but don’t break the bank if you don’t have to. Think about whether or not these additions will be suitable for you and your family in the future? You can have the garden that you have always wanted, but will you want the same things when your life situation changes in the future?

Make a start with groundcovers and some mulch

Weeds are unavoidable in the garden. But poorly maintained lawn and garden beds that need attention are the perfect breeding ground.

Mulch is great for keeping the soil moist, so start with a two-inch layer of mulch. Make sure that you gradually phase out using mulch eventually, as it can be expensive and even take nutrients away from your soil.

Introduce creeping phlox or another groundcover species like mondo grass around the edges of your borders when you plant a new bed. Groundcovers suppress weeds and can save you lots of money and effort as time goes by.

Is A Starter Home Right For You?


When you’re looking for the right home you might find yourself with an endless sequence of choices. House or condo? Suburban or city centre? But there is one particular choice that bothers a lot of first-time buyers. Should I buy a starter property or a home to last for years to come?

In previous decades, first-time buyers usually went for smaller and more affordable properties. This helped them to build a credit rating and to gain some equity. More established homeowners looked for larger properties to provide enough room for their friends and children.

A study, conducted by Bank of America, discovered that up to three-quarters of new buyers plan to ditch the idea of a starter home and purchase a property that is equipped to accommodate them for years to come. While the older generation of homeowners is increasingly looking to downsize their homes.

Where do you fit into the new real estate landscape? Below are some questions to help you purchase the home that is right for you.

What stage of life am I in?

If you can identify the stage of life you are in, you can narrow your focus to find a suitable property. Age isn’t as much of a factor as it used to be. Some older homeowners without children may want to downsize to a starter home in a dynamic neighbourhood, while a younger buyer may want to find a long-term property where they can raise a family. At the end of the day, find a property that feels right for you.

What type of property best fits my lifestyle today?

While you should have some idea of what you want in the future, don’t be overly stressed by finding a property that you consider to be “the perfect fit” for your vision of the future. Life has a habit of changing course, so be realistic about what you need in a property.

A starter home is more suitable for buyers that have transitional lives. People that change employment regularly, relocate often, or have a young family fall into this category. However, people that are looking for a more permanent lifestyle and a larger sense of local community may be better off looking for a long term property than a starter home.

What can I afford?

The fact is, the amount of money you can afford for a down payment will have a large impact on the type of property you decide on.

Starter properties are usually cheaper than the type of homes that would be ideal for a long term buyer. This means you will need less money for a down payment on a starter home. When you are going over your finances, make sure that you look beyond the initial down payment and factor in other costs, such as maintenance costs, utility bills, cable, and other monthly upkeep costs. Considering all your possible bills will help you make a more informed decision.

Do I want to look at my home as an investment?

The investment aspect of buying a home should influence whether you look for a starter home or another type of property. If you are not concerned with making a profit on your home and can afford a property at the top end of the market, then a home for the future may be achievable for you. Starter homes are often occupied for a lot less time per owner than their long-term counterparts. If however, you want to try and make a profit when you sell your property, a starter home may be a more suitable investment opportunity.

Are you considering renting out the property in the future?

A starter home may not be suitable for you in the future, but could be suitable for a potential renter. One of the beautiful things about a starter home is, they can easily be turned into a rental property and provide a potential source of monthly income. Although, you must decide whether you are interested in becoming a landlord and whether or not you can handle the responsibilities that come with it. If you can, this rental property could provide a great monthly income that can go towards paying for a home that is more suited to your changing needs.

Getting Your House Ready For Appraisal

Home appraisal time, are you nervous yet? Don’t be, this doesn’t have to be a nerve-wracking experience for you. If you use the right tools, and go into the process well informed this can be a pretty easy experience. The following information will also help you make substantial gains in your journey towards your next home.

 

Did you study up?

 

As with most aspects of the real estate process, it’s good to do your homework. The appraisal process is really no different, make sure you’ve looked into the market thoroughly. Presumably, your appraiser is a local who is quite versed in the local market. Also, make sure they’re certified, you could come across an appraiser who has yet to receive their certification.

 

Home Maintenance

 

A week before, or at least a few days before the appraiser arrives do one final inspection. Make sure everything is clean and well organized. Don’t bet on something looking “okay” or “holding up” until just after the appraisal. Make the investment in whatever improvement needs to be made. You need to be thinking long term with these improvements, their impact on your home value could be important.

 

Curb Appeal

 

Always go for the best-looking house on the block when you’re about to get an appraisal. One of the biggest aspects of curb appeal is the landscaping. A beautiful home can get dinged by an unkempt front yard with weeds and unruly grass. At the very least clean up the front, make sure the lawn is mowed, weeds pulled leaves collected and that there’s no trash.

 

Check the Appliances

 

Have you checked all the appliances? Make sure if they’re not new that they’re all running efficiently. A malfunctioning large home appliance can certainly impact your home’s value. So, if need be you should replace the appliance or check your warranty and call the manufacturer to see if you can have repairs done.

 

Be a proud owner

 

By this I mean just show your home is taken care of because of your proud ownership. We don’t need to go in-depth on specifics here just show you really care about your home. Proud ownership is certainly reflected in the quality of the home.

 

How well do you know your neighborhood?

 

Prior to getting your home appraised it’s important to see what the nearby homes in your neighborhood are currently valued at. The neighboring home values are a very strong influence on your home’s appraisal value.

 

Be sure to discuss any unusual circumstances with your appraiser prior to your valuation. If you had a neighbor who moved quickly and sold his home abruptly for whatever reason it can impact your home valuation. If both you and your appraiser are well informed on what’s been happening in your neighborhood it will only help you.

 

Cost does not equate to value

 

We discussed how minor improvements can make a difference to your home’s overall value. However, not every single improvement you try to make will bring up your home value. Understanding that will make the appraisal process much easier. Understanding effective economic return is very important when it comes to home value. Before you make huge expenditures simply in the name of using your home value research that exact principle.

 

Are you not entirely satisfied?

 

If you aren’t entirely satisfied with your appraisal value, you should contact the appraiser. If you do have concerns, make sure you have data to validate them. Another option is to hire another appraiser and get a second appraisal.

 

Finally, if you’re still not satisfied you can take your issues to the appraisal board. However, rarely will two home appraisals entirely skewed. Be sure to consult your agent as well, undoubtedly they have been involved with this process before and as usual, they should be your number one source of go to information.         

Finding the Balance Between Budget and Home Improvements

Whether you are revamping your own home or working on an investment property, renovating can be very expensive.

Weigh up your home upgrade options

There are not many homeowners with an endless budget to upgrade everything they want to in their home.

A good starting point is to sit down and evaluate the property as a whole and then decide on which parts are most significant and the parts most in need of upgrading. Then think about where you will need to spend the majority of your budget.

In the majority of renovations, the bathroom and kitchen offer the best investment, but they are not always the areas that require the most work. Analyse your kitchen and bathroom to see what you can keep and salvage from the materials that you already have and see what needs upgrading.

Look around the rest of your home to identify other areas that would impress potential buyers after being upgraded.

First impressions are vital in real estate, so think about spending some of your budget on the porch and front foyer.

Splashing out and reigning in spending

Look at every room in your house and identify the stand out features that will catch the attention of potential buyers. This will help you know where you should plash out and where you should save.

If you are renovating the kitchen, you could splash out on expensive marble counter tops, but you could save by being selective and only using marble for some of your counter tops. If you are splashing out on expensive counter tops then a stainless steel island can considerably save your budget.

In the bathroom, you don’t have to break the bank on the most expensive tiles on the market for the whole of your bathroom. A neutral tile for the walls of the shower and the floor can save you a bundle, and still provide great results.

You can give your bathroom some style by adding a strip of the expensive tile that surrounds the shower wall and borders the floor. This will give your bathroom a great look and cost a fraction of the budget.

Think about your flooring

Hardwood flooring is popular with everybody, but stylish wood flooring can make a large dent in your budget.

Laminate flooring has improved drastically over the years and can the most cost effective way to get a stylish hardwood flooring look that doesn’t break the bank.

If you do decide to go with real hardwood flooring, which lots of people still do, then you can create an elegant look by being selective where you decide to use it. Do you really need to replace the floors in all of the rooms?

Your kitchen and bathroom should be tiled to avoid water damage, so what about the bedrooms? You can save by using carpet instead of expensive hard wood flooring.

Keep things in the yard nice and simple

Be advised that is not a good idea to go crazy landscaping in the garden, particularly if you are trying to sell the property. Consider some low maintenance options instead of investing in expensive plants and flowers that will need to be looked after and maintained regularly.

Instead of spending big on an expensive paved walkway and blowing your budget, consider an appealing gravel path that surrounds your home. It will give a nice consistent look without the large cost of a paved walkway.

The best advice when it comes to landscaping and the outdoor features of your property is to keep things simple. A nice neutral look is appealing to potential buyers and gives them the space to view themselves living in the property before they even walk through the door.

Don’t break the bank on the garden, but ensure that everything is neat and tidy, save your budget for the important interior that buyers will see when they enter the property.

The best piece of advice when it comes to renovation that stays within a budget is to be selective and know where your money is best spent. Decide on the areas that require something special and a larger chunk of your budget. Then save on the areas that won’t drastically affect the value or appeal of your property, and not affect the your enjoyment of the day to day living in your home.

Looking to Buy a Bigger Home For Less? Let’s Make it Happen!

Compact housing options have actually gotten very popular in recent years, but if you could have the amount of space you were actually looking for at the price you wanted you’d be happy right? Exactly. You might be surprised by the different options available to you! So here are some ways you might be able to find some more space without breaking the bank. If you have any additional questions feel free to shoot me an email or leave your contact info and I’d love to get back to you.
Old listings
Look for homes that are just outside of your current budget and then narrow it down to homes that have been on the market for 30 days or more. When a house has been on the market that long you’ll be going into the deal with some leverage. You’ll be encountering a motivated seller because presumably at this point they just want to unload this house and they’ll be more open to negotiations.
Old homes
Yes older homes sometimes have terrible wallpaper and terrible old tile and lots of clutter. Don’t shrug this tip off just yet, these types of homes tend to be overlooked by buyers. If you have a vision you can make this the home you’re looking for without spending too much. You might even be able to get this home for less than your established budget and use the difference to make changes.
You’re looking to renovate
Some homes have lots of space but they feel small because of the layout. You can easily knock down some walls to make a cramped space feel very accommodating. Like the tip above you need to have a little vision, and if you like hitting walls with sledgehammers, bonus points.
There are also loan options that will allow you to basically bundle the renovation costs into the price of the initial home loan. If that’s something you’d be interested in, discuss it with your agent.
Discuss the new builds
This is a unique one, but if you’re willing to purchase a home before it’s been fully constructed you can negotiate the size. Also if the home is a very recent build odds are the floor plan is already more spacious so you might not even need to negotiate that much.
Shared living space
Roommates or even additional family members can make it easier to afford a more spacious place. If you’re not wanting to deal with the possibility of renovating this might be the option for you. Some of the key features you’re hoping to have could be paid for by the savings you get from an additional roommate. Just be detailed in your search for the right roommate, the wrong roommate can make a large home feel much smaller than it actually is. Find someone meticulous and clean, maybe even someone who won’t be there as often as you due to work.
Can you widen your search area?
This is a more common recommendation made by agents. If you’re willing to compromise your location at least a little bit you might be able to land more square footage. Even looking 5-10 minutes out of your ideal location can make a significant difference. So don’t dismiss this option if you’d rather avoid the possible work of renovation. Just make sure if things like school districts are an important consideration that you still fall within the area you need to be located in. It would be unfortunate to be aiming at having your child attend a certain school only to realize after you close you’re actually just outside the district.
Again I really hope you found this info helpful! If there is anything else you’d like to discuss on this list in more detail, leave me your contact info or reach out to me directly and I’d love to talk! Feel free to browse the rest of my blog for more tips tricks and helpful info you can use during your real estate buying or seling experience.

This Might Be Driving Your Listing Agent Crazy

If you’re a home seller and you have an agent, he or she will be spending a lot of time with you and your home. You can develop a very close relationship with your listing agent, and while that may be a good thing, it can also result in a few frustrating stand offs. So, let’s break down some common things that can make your listing agent’s job a little tougher than it needs to be.

 

Your home is a mess

 

If your home is a mess it’ll be difficult to sell. Give your agent the best possible chance at selling your home, by getting it in a show-ready state. Pick up the kids’ toys, wash or at least stash dirty dishes in the dishwasher and vacuum and sweep the floors. First impressions are everything to homebuyers, so make it easy and pleasant to show your home.

 

If you are determined to get that home sold (which I assume you are) make daily cleaning a thing. If you stay on top of it daily even just 30 minutes at a time it’ll be more manageable. Also Make sure before your home is listed that you remove any additional clutter that isn’t essential to you living there. The more spacious you can make the home appear while maintaining its appeal the better your shot at selling it quickly.

 

You’re there for the open house

 

Be involved with the home selling process by all means, but when you have an open house make sure you’re not there. People are coming to judge your house, in most instances people won’t be as relaxed and laid back as they need to be if the sellers are following them around. So take the off and go spend some time with your kids or just go relax somewhere else and trust your agent.

 

You’re waiting for the best possible offer

Your interpretation of the best possible offer might be skewing your judgement. You might be in the ideal situation where you’re receiving multiple offers. However, if you try to push the envelope too far you might end up pushing all those potential buyers away. So striking a healthy balance between your asking price and the offers coming in will come down to listening to your listing agent.

 

You left a mess for the buyer

 

You sold your home, which is great. However, you left a mess for the buyer to deal with when they finally decide to move im. Don’t leave the buyer in a sour mood, remember these are the people who might need to forward your mail for the next few weeks. So clean out any areas that usually go overlooked (garage, attic) and make sure the home is welcoming for the buyer.

 

You’re convinced your home is special

 

Your home will have a different amount of emotional value to you than it will to a prospective buyer. So try to separate yourself from the intangible qualities of the home that make it so special to you. Holding on to these special qualities and memories will make the process of selling the home a bit more difficult for your agent. Remember they see you home for what it is and you see it for something entirely different. Being aware of that will make this process easier for all parties involved here.

 

Just relax and make sure your listing agent is in control of this process and everything will be much easier. They understand how important the home is to you and their goal is to get you the value you deserve. So ask if you need to do anything additional to the house and stay clear when you need to. Your listing agent will be very appreciative to you throughout the entire process.                

Home Not Selling? This Might Be Why

Nothing is more disappointing to a homeowner than when their property sits on the market without receiving any offer. This can be a worrying situation. However, worrying too much is not going to fix a thing. Rather, it is all about finding the solution to that problem.

The solution is to identify the cause of your home sitting on the market for so long. Is there anything wrong with the home? Is it something you have done, or haven’t done that is affecting the home on the market? You should be worrying about how to fix all this and dig deeper to learn the real reason for the home sitting on the market for so long. To help you crack the code, here are some reasons that could prevent your home from selling.

The listing photos are not appealing

Most of the potential home buyers will go through the listing pictures of the home before they can decide to view the house physically. That is why photography is a vital aspect that enhances the first impression of the home. You might find it helpful to hire a professional photographer. Ideally, go for a real estate photographer, who will have an idea of the best photos to take. Improving the online presence via the photos will make the buyer want to pay a physical visit to your home.

A problem with the home touch-ups

Your home might look nice, and all appealing, but have you noticed the extremely classic-themed kitchen? What about the cracks in the driveway? These are some of the things that might seem minor, but they will chase away the potential buyers. Carry out all the appropriate renovations around the house, and get all the necessary help from a professional to make the entire process easy. You can spend less than $700 for an average home renovation, which is an investment worth trying.

The home is extremely personal

It is okay to customize your home according to your preference. Some people paint their bedrooms black, others paint their porches pink, among other customizations. All these are great for you and your comfort, but what about the buyer? If possible, use neutral paints and other customizations to make the home default enough for anyone to purchase it. If the home is too you, it could be a reason for it staying on the market for long without receiving any offer.

The price is too high

Everyone wants to make a profit whenever they put their home on the market. However, some tend to be too greedy, and they overprice their home. When the price is too high, buyers will try to avoid your property like a plague. Even if you want to profit from your home sale, you still need to be reasonable and friendly enough with your pricing.

You are too nosy during inspections

Before any home can be officially placed on the market or sold to a potential buyer, it must undergo proper inspection by a professional. During the inspection, the buyer will be taken round to be sure that everything is in shape. To some home owners, they stick around during the inspection, walking from one room to another with the agent and the buyer. It might be an innocent gesture, but it could also be a wrong impression to the buyer. Any seller should allow the buyer to speak freely with the agent. If you can, let the agent handle your property, and you will be updated whenever.

Hiring the wrong real estate agent

It could be that you did not hire the perfect real estate agent, or you didn’t hire any at all. While some try to avoid this fact, the real estate agent has enough experience and skills in the field. For that, they will help you make the right choices as you intend to sell the home. The real estate agent can also assist you in placing the right price that will benefit you and not scares away the buyers.
Also, hiring the wrong agent can lead you to more trouble. Some are only after the homeowner’s money, so you might not end up selling your home as you expected. For that, ensure that you do your homework and find a reputable and reliable real estate agent.

These are some of the factors that might be affecting your home listing on the market. Ensure that each of them is checked and that you get the necessary help from a professional real estate agent. With that observed, you can be confident in selling your home without much difficulty.